Why this is mistaken
The earliest period presented is a statement-display boundary. Earlier records may be essential to compute the opening cumulative effect, but their annual columns are not necessarily presented. Partition pre-opening and displayed-year effects explicitly.
Where to watch
When this mistake may appear
- The entity has more internal history than financial statements displayed.
Check your work
Your work may contain this mistake if:
- Places every historical period in the comparative table or omits the pre-opening cumulative layer.